Hagerty Q4 revenue beats on written premiums growth

Hagerty

26/02/2026 12:03

Overview

Automotive insurance provider's Q4 revenue rose 19%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company's 2025 net income surged 91% yr/yr, driven by strong revenue growth

Outlook

Hagerty expects 2026 written premium growth of 15% to 16%

Company anticipates 2026 total revenue decline of 11% to 12% due to Markel arrangement

Hagerty projects 2026 net loss of $41 mln to $51 mln due to Markel transition costs

Result Drivers

WRITTEN PREMIUM GROWTH - Hagerty's 17% revenue increase was driven by a 14% rise in written premiums

MARKETPLACE EXPANSION - Marketplace revenue rose 119%, driven by growth in private sales and European expansion

TECHNOLOGY INVESTMENTS - Co reinvested in tech transformation and launched new products like Enthusiast+

Company press release: ID:nPn9vd4bSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$357 mln
$324.94 mln (5 Analysts)
Q4 Adjusted EPS
Beat
$0.08
$0.03 (7 Analysts)
Q4 EPS
$0.06
Q4 Net Income
$29 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Hagerty Inc is $15.00, about 29.1% above its February 25 closing price of $11.62

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)